Did some digging on my own and found the following issue:
Building will generate a __settings__.js, which will have the antialias option defined as false, just as expected. However, the generated __start__.js will look for a field named antiAlias (second A is uppercase) and fallback to true since it can’t find the setting.
Thus all builds will currently have AA enabled independent of what was set in the settings.
I will create an issue in the editor repo for this.